UAN - The variable distribution MLP that could go a long way Message Board

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Non-Tech : UAN - The variable distribution MLP that could go a long way

UAN 109.10

+0.5%

Jan 9 9:30 AM EST

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From: Elroy	5/18/2023 3:23:36 PM
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Well, I've given up and either sold or written deep in the money covered calls on all my UAN units. While it's probably going to be a good distribution payer for a while, the possibility that fertilizer prices just continue to decline, resulting in unit price decline equal to or greater than the distributions, is what has me concerned. I don't undestand why fertilizer prices plunged from November 2022 to today, in the face of the highest demand planting season approaching (it's ongoing now). If planting crops can't keep fertilizer prices high, then I don't know what will. I may be dumping at too close to a low, but the low demand Q3 is just around the corner, and if fertilizer prices decline before planting season, I don't want to wait and see what the do in the slow Q3 season. I hope I'm wrong!

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